Cost overruns seem to be a big problem in the industry. The US recently canceled 2 plants, and we’re struggling to finish the other 2.
Cost overruns seem to be a big problem in the industry. The US recently canceled 2 plants, and we’re struggling to finish the other 2.
The US and other modern economies got the political will together to subsidize solar when it rarely made sense on a MW/$ basis and now it's dropped to by far the cheapest source (if you can live with intermittent power).
PV got so much cheaper because it’s a mass producible product.
Nuclear power plants have special requirements that are rarely met by conventional industry. A lot of nuclear power plant designs involve manufacturing via the largest hydraulic presses we have ever built. There are not many of them and building more of them is expensive so it will raise costs in the short term (10-20 years). The design philosophies have to change considerably if nuclear power wants to be cost effective.
The monolithic nuclear power plant is a dead end.
Solar and wind are cheap in terms of watts per day, but become drastically more expensive one you need to start adding storage. Storage costs are typically in the $200-400 per KWh range for battery storage, and $100 - $200 per KWh range for hydroelectric storage, but the latter is geographically limited.
In contrast, solar and wind tend to be very manpower efficient due to the logistical pain of maintaining something spread over 10 sq. miles forcing investments in reliability and autonomy.
Edit: Messed up wording
https://www.bloomberg.com/news/articles/2014-09-24/obamacare...
Imagine how much cheaper you could have built that website with the same functionality. Now apply the same mental process to nuclear power plants.
Innovation in nuclear power is broken because of the difficulty to access uranium and use it safely, but if we had innovated, it might have been made safe by now. There has been pilot projects such as a sealed 1m3 cuve, which, by sealing it, solved a lot of problems about safety and human operation.
https://en.wikipedia.org/wiki/Bhopal_disaster
Imagine how much safer it would have been under govt regulations. Now apply the same mental process to nuclear power plants exploding.
Reducing regulation is a lot more palatable to people than eliminating it.